Navidea Biopharmaceuticals Inc (NAVB)

[tonoos]

Efficient market theory is like all such ideas,
true in some cases, untrue in others.
There are no absolutes in investing and trading.
A big cap with 25 analysts covering it is much different than a small cap with no coverage.
To make outsized gains, one must know something the market doesn't, or anticipate correctly unknown outcomes, just to give two examples, not meant to be all-inclusive.
Surprises move stocks a lot, most of the time.

Owning NEOP at .20 could be considered stupid, because the co. was insolvent, and had no visible means of financing lympho phase 3.
I owned a chunk of it then, even traded it from .20 to .36.
At the very least, it was super high-risk then. As you recall, I didn't turn bullish until Montaur came riding in on their big, white horse.

As I always say:
Everything works sometimes.
Nothing works always.
It's all about playing the higher odds.
And as Captain Penny always advised at the end of each show:

"You can fool some of the people all of the time,
and all of the people some of the time,
but you can't fool Mom!"